Guest Post by Christopher Irvin, Director of Options Education
I have to say, this friendly March Madness competition is really heating things up here in the office and I mean that in the best way possible. We love the heat, we live in Florida after all.
I’ve been reading all of your comments online and to be honest, I’m very happy to see how much everyone has improved their trading this year. The Ultimate Options Course is fairly new to Market Traders Institute and we’re already seeing fantastic results from our students. The market is so volatile right now and there is a lot of opportunity on the horizon for Options traders. If you haven’t thought about Options trading, now might be the best time.
So I decided to take a little time out of my day to give you the top 3 reasons so many options traders I know are dominating the market and achieving their financial freedom.
1. They get a good night’s rest
Not many people know this, but I used to be a Forex trader. Now, I don’t despise the market, but I don’t enjoy waking up at 3:00am ET just to trade the London Session. (What can I say? I need my beauty sleep.)
That 2:30am wake up call was one of the reasons I gravitated towards Options trading.
The Options market is open from 9:30am – 4:00pm ET (GMT -5), so I’m able to get a good nights’ sleep without worrying if I’m missing out on prime trading opportunities.
When it comes down to it, if I get the right amount of sleep, I’m able to wake up refreshed and ready to take on another trading day.
2. Trade what we know
Do Apple Inc., Chipotle and Netflix ring a bell? If not, it’s definitely ringing the market’s bell. As an options trader, I get to trade the companies I’m familiar with and that is a value you can’t put a price tag on.
The frequency of information and amount of knowledge that is available, allows options traders to be well informed on the companies they are trading. I don’t know about you, but when I trade what I know, I’m a more confident and consistent trader. And you got to love the fact that we get to trade these companies for pennies on the dollar.
3. Place true straddles
Have you ever heard a Forex trader gush over straddle trading? Well, what he says is half true. You can implement straddle-trading strategies, but a true straddle can only be placed in Options trading.
Essentially, this means I can buy a “put” and “call” position on the same stock. This is because in Options trading, a put and a call order means you are buying two different options on the same order ticket.
Now that you know a few reasons why I think Options traders are dominating the market, why not join my team and I for an in-depth webinar? You can sign up by filling out the form below.
Until next time,
P.S. Don’t forget to cast your vote for your favorite analyst by answering MTI’s March Madness questions every Tuesday. Click on the buttons below and scroll through our timeline to answer the questions we’ve posted so far: